ICMAI issues Advisory on Unauthorized Activities by Members on Inclusion in Income Tax Bill 2025:

ICMAI issues Advisory on Unauthorized Activities by Members on Inclusion in Income Tax Bill 2025 The Institute of Cost Accountants of India (ICMAI) has issued an advisory warning its members against engaging in unauthorised activities related to their inclusion in the term of 'Accountant' under the New Income Tax Bill. The institute said it has come to the notice of the Institute that few members are engaging in activities that are detrimental to the reputation, governance, and statutory framework of the institute. The Institute issues this strict advisory to all members to refrain from the following unauthorized and unethical actions: Formation of Unauthorized Associations The Institute prohibits members from forming or operating cost and management accounting-related associations, bodies, or forums that use its name, logo, influence, or recognition without prior approval. Unauthorised associations can mislead stakeholders and result in disciplinary action. Unauthorized Communication with Government Authorities Members are expressly barred from approaching central ministers, government officials, regulatory authorities, or other policymakers to express personal opinions in the name of the profession or the Institute. Members must not engage in direct telephonic or personal communication with members of government committees on subjects pertaining to the profession without prior consent. Unauthorized interactions with government committee members or officials may result in the dissemination of inaccurate, misleading, or unsubstantiated information, causing confusion and misrepresentation of the Institute's official attitude. Members must take extreme caution and ensure that any communications with government authorities are routed via the Institute in an official and structured manner to ensure transparency, correctness, and professional integrity. Unapproved Petitions to Parliamentary Bodies The Institute strongly prohibits submitting petitions, memorandums, or representations to parliamentary committees or other government entities without its knowledge and authorization. Any actions must go through the Institute in an official capacity. Undemocratic and Illegal Activities for Personal Branding Undemocratic behaviour, such as forming unauthorized alliances to gain personal prominence, branding, or influence, is considered misconduct. Such practices contradict the Institute's code of ethics and undermine its credibility and reputation.

Consequences of Violation

Members who engage in any of the foregoing acts will face stern disciplinary action under the Cost Accountants Act, 1959, and related applicable rules. Members should closely follow this guideline to maintain the Institute's dignity, discipline, and professional integrity. Please submit any concerns or professional representations through the Institute's established channels for appropriate processing.